Last 47 quarters of trend data · Financial Services · Banks - Regional
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | 16.48 | — | 2.78 | 5.24 | 2.80 | — | 2.68 | 2.57 | 3.49 | 6.06 | 3.47 | 7.57 | 3.24 |
| — | — | +3.6% | +103.7% | -19.6% | — | -22.6% | -66.0% | +7.7% | +75.5% | +13.1% | +203.4% | -14.2% | |
| P/S Ratio | 1.33 | 0.14 | 0.23 | 0.29 | 0.24 | 0.21 | 0.29 | 0.32 | 0.35 | 0.38 | 0.31 | 0.40 | 0.34 |
| — | -33.7% | -20.5% | -6.5% | -29.3% | -46.3% | -6.0% | -20.4% | +1.4% | +15.3% | -14.5% | +3.0% | -41.4% | |
| P/B Ratio | 0.81 | 0.18 | 0.33 | 0.33 | 0.29 | 0.24 | 0.33 | 0.31 | 0.37 | 0.42 | 0.34 | 0.42 | 0.35 |
| — | -24.6% | +0.2% | +5.4% | -21.5% | -42.7% | -1.3% | -25.1% | +4.6% | +16.4% | -12.5% | +10.2% | -35.2% | |
| P/FCF | 150.55 | — | 1.56 | — | 0.27 | 9.84 | 0.35 | 0.69 | — | — | 0.16 | — | 26.84 |
| — | — | +344.5% | — | — | — | +119.0% | — | — | — | -98.6% | — | +1932.8% | |
| EV / EBITDA | 6.67 | -2.14 | 11.23 | -0.04 | -2.06 | -2.10 | 2.78 | 3.93 | 5.34 | -0.09 | 4.44 | 2.30 | 12.20 |
| — | -2.2% | +304.7% | -101.0% | -138.6% | -2189.5% | -37.4% | +71.2% | -56.3% | -109.1% | +24.6% | -60.9% | +121.7% | |
| EV / EBIT | 7.72 | -2.42 | 11.23 | -0.05 | -2.37 | -2.45 | 3.13 | 4.43 | 6.16 | -0.12 | 5.32 | 2.81 | 15.29 |
| — | +1.2% | +258.8% | -101.2% | -138.5% | -2027.1% | -41.1% | +57.8% | -59.7% | -109.6% | +30.7% | -57.4% | +152.5% |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Banco Santander (Brasil) S.A.'s operating margin was 11.9% in Q4 2025, up 1.0 pp QoQ and up 0.2 pp YoY. This marks the 3rd consecutive quarter of margin expansion, signaling a sustained improvement in operating efficiency. The trailing four-quarter average of 10.3% lags the current quarter, suggesting the recent improvement is above-trend. Gross margin contracted 22.6% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 27.5% | 28.8% | 28.2% | 22.8% | 29.8% | 37.2% | 33.6% | 30.9% | 33.9% | 32.3% | 29.9% | 26.0% | 28.7% |
| — | -22.6% | -16.1% | -26.4% | -11.9% | +15.0% | +12.5% | +19.0% | +17.9% | -7.3% | -13.9% | -31.3% | -36.4% | |
| Operating Margin | 11.0% | 11.9% | 10.8% | 5.7% | 12.9% | 11.7% | 16.0% | 18.0% | 14.4% | 8.3% | 11.4% | 10.3% | 9.4% |
| — | +1.9% | -32.2% | -68.1% | -10.5% | +41.0% | +40.8% | +74.9% | +52.7% | -31.0% | -27.9% | -47.9% | -61.6% | |
| Net Margin | 8.4% | 9.2% | 8.4% | 5.6% | 8.6% | 8.7% | 10.8% | 12.4% | 9.9% | 6.5% | 9.0% | 5.3% | 10.5% |
| — | +6.1% | -22.6% | -54.9% | -12.9% | +34.1% | +20.0% | +132.3% | -5.5% | -32.4% | -24.2% | -65.6% | -31.6% |
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | 10.4% | 3.1% | 3.0% | 1.6% | 2.6% | 2.6% | 3.1% | 3.1% | 2.6% | 1.8% | 2.4% | 1.4% | 2.7% |
| — | +20.7% | -2.1% | -49.3% | -2.8% | +43.4% | +26.2% | +119.6% | -2.9% | -31.6% | -22.8% | -63.4% | -23.9% | |
| ROA | 1.0% | 0.3% | 0.3% | 0.2% | 0.2% | 0.2% | 0.3% | 0.3% | 0.3% | 0.2% | 0.3% | 0.2% | 0.3% |
| — | +24.2% | -0.4% | -50.3% | -8.0% | +35.9% | +18.6% | +103.6% | -10.3% | -37.8% | -28.2% | -64.6% | -25.1% | |
| ROIC | 4.9% | 1.4% | 1.2% | 0.5% | 1.3% | 0.9% | 1.0% | 1.1% | 1.0% | 0.6% | 0.8% | 0.9% | 0.8% |
| — | +43.1% | +15.1% | -51.1% | +25.5% | +52.0% | +25.4% | +18.2% | +27.5% | -46.5% | -45.3% | -50.8% | -62.1% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
Banco Santander (Brasil) S.A.'s Debt/EBITDA ratio is 22.8x, down from 36.4x last quarter — elevated, raising questions about debt serviceability. The current ratio has weakened 12.6% YoY to 0.34x, tightening the short-term liquidity position. Debt/Equity has declined for 3 consecutive quarters, reflecting a deleveraging trend.
| Metric | TTM | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.03 | 1.03 | 1.41 | 1.48 | 1.23 | 1.13 | 2.36 | 2.21 | 2.22 | 1.25 | 2.28 | 1.29 | 1.31 |
| — | -9.1% | -40.1% | -32.9% | -44.7% | -9.9% | +3.6% | +71.2% | +70.1% | +9.6% | +108.5% | +21.8% | +28.2% | |
| Debt / EBITDA | 6.71 | 22.84 | 36.41 | 70.18 | 28.15 | 28.15 | 46.02 | 43.75 | 50.48 | 43.73 | 61.79 | 38.76 | 43.09 |
| — | -18.9% | -20.9% | +60.4% | -44.2% | -35.6% | -25.5% | +12.9% | +17.2% | +48.4% | +169.4% | +100.7% | +165.2% | |
| Current Ratio | 0.34 | 0.34 | 3.11 | 0.46 | 0.49 | 0.39 | 0.51 | 0.42 | 0.41 | 31.22 | 0.46 | 0.40 | — |
| — | -12.6% | +506.7% | +8.3% | +18.2% | -98.7% | +10.9% | +4.7% | — | +7321.7% | — | — | — | |
| Quick Ratio | 0.34 | 0.34 | 3.11 | 0.46 | 0.49 | 0.39 | 0.51 | 0.42 | 0.41 | 31.22 | 0.46 | 0.40 | — |
| — | -12.6% | +506.7% | +8.3% | +18.2% | -98.7% | +10.9% | +4.7% | — | +7321.7% | — | — | — | |
| Interest Coverage | 0.16 | 0.17 | 0.19 | 0.08 | 0.19 | 0.19 | 0.25 | 0.28 | 0.23 | 0.13 | 0.17 | 0.15 | 0.14 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 47 years · Updated daily
Deep dive into BSBR consensus models and risk factors.
DCF models, multiple analysis, and analyst estimates.
10-year return with dividends reinvested.
See how regular investing compounds over time.
Compare growth, multiples, and margins vs sector.
Quick answers to the most common questions about buying BSBR stock.
Banco Santander (Brasil) S.A.'s current P/E is 16.5x. The average P/E over the last 3 quarters is 3.6x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Banco Santander (Brasil) S.A.'s current operating margin is 11.0%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Banco Santander (Brasil) S.A.'s business trajectory between earnings reports.